INVESTOR PRESENTATION November 2014 1 www.oasispetroleum.com
Top Pure Play in the Bakken(1) Top tier asset position 506,960 net acres 3,590 Gross operated locations 403 Operated drill blocks 17 years of inventory(2) Production on target with a strong reserve base Q3 2014 production 45.9…
Premier Asset Position Highlights West Williston East Nesson Concentrated 507k net acres in the core of the Montana North Dakota Williston Basin Operational control 94% operated allows for (92) control of rig pace, cost and…
Development Program Capital Discipline November 2014 Rig Allocation Capital allocation designed to: Maximize asset value Increase returns across inventory portfolio Balance infrastructure capacity MONTANA NORTH DAKOTA Manage…
Completion Optimization High Intensity Completions Type Curve Outperformance(1) Economic results or 2014 planned slickwater North 60% and/or high sand proppant completions Cottonwood 51% 50% 41% 41% 40% 36% 30% 30% South…
White Unit Slickwater Results Cumulative Production White Unit West Williston (Mboe) 60,000 50,000 Red Bank 750 40,000 MBoe(1) 600 Painted 30,000 (2) MBoe Montana Wood Indian 20,000 400 MBoe(3) Hills 10,000…
Lower Three Forks Activity Improving Inventory Potential Lower TFS Activity Results from producing lower bench TFS wells in our inventory are very encouraging Potential to increase drilling locations through lower MONTANA NORTH…
Oasis Well Services (OWS) OWS savings per well 2014 Plan (MMs) 0.5 2nd frac spread at 100% utilization in August 2014 0.4 0.40 0.36 2 spreads will complete 3040% of Oasis completions 0.3 0.25 Visible inventory for multiple…
Oil and Gas Infrastructure Development(1) Infrastructure Highlights Crude Oil Gathering Infrastructure Crude oil gathering (3rd party system) MONTANA NORTH DAKOTA Realized 10.3% differential in 3Q14 Provides marketing flexibility…
Saltwater Disposal Infrastructure Saltwater Disposal Infrastructure Highlights Saltwater Disposal Infrastructure Salt water disposal (Oasis owned system) Reduces operating expenses and simplifies operations 40% flowing through…
Expanding Takeaway Capacity out of Bakken Takeaway Options Takeaway Capacity(1) (MBOPD) ANS 3,500 Clearbrook 3,000 2,500 Brent 2,000 Guernsey ANS 1,500 1,000 WTI 500 Railroad 2010 2011 2012 2013 2014 2015 2016 2017…
Balance Sheet Strong Balance Sheet and Liquidity Liquidity and Capitalization as of 9/30/14 (MM) Liquidity of 1.2 BN Cash and marketable securities 67 Current borrowing base of 2.0N Current elected commitments 1,500 Elected…
Investment Highlights Oil focused, pure play in the Williston Basin Large, concentrated acreage position with increasing identified drilling inventory Substantial upside potential with known catalysts Improving capital and…
APPENDIX 16 www.oasispetroleum.com
Risk Management(1) Weighted Average Prices (/Bbl) Type Remaining Term SubFloor Floor Ceiling Swaps BOPD Total Barrels 2014 Full Year Swaps Oct Dec 95.90 9,500 874,000 Swaps w/SubFloor Oct Dec 70.00 92.60 6,000 552,000 TwoWay…
Type Curves in Williston Basin(1) Middle Bakken Type Curve (MBoe) TFS Type Curve (MBoe) High Midpoint High Low Midpoint Low Years Years Middle Bakken Type Curve Metrics TFS Type Curve Low End Midpoint High End Low End…
Oil Weighted Production WTI Henry Hub Price Disparity (/bbl to /Mmbtu)(1) Oasis Oil and Gas Production (per MBoe) Price Ratio MBoepd % Oil 120 60x 60 100% 90% 100 50x 50 4.9 80% 78.78 4.6 4.5 4.8 70% 80 40x 40 3.6 60% 2.8…
Key Metrics by Project Area Total West Williston East Nesson 2014 CapEx Budget (MM) Williston (1) Net a crea ge (000s ) 362 145 507 Dri l l i ng a nd compl eti on 1,250 (1) Es ti ma ted net PDP MMBoe 79.5 34.3 113.7 Oa s i s Mi…
Williston Inventory (1) Gross Net Bakken TFS Total Bakken TFS Total Operated PUD Wells West Williston 201 53 254 134 33 167 East Nesson 85 19 104 61 12 73 Total PUD Wells 286 72 358 195 45 240 NonProven Wells West Williston 829…
Bakken / TFS Drilling Program by Project Area(1) Bakken / Three Forks Producing Wells West Williston East Nesson Total Williston Basin Gross Net Gross Net Gross Net Producing on or before 6/30/14 Operated 364 280.5 173 135.6 537…
Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 9/30/13) 101.3 MM Share Price (close on 11/4/14) 26.92 per share Approximate Equity Market Capitalization…